Wabtec $WAB Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Wabtec (NYSE:WAB) by 809.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,297 shares of the transportation company’s stock after buying an additional 135,553 shares during the quarter. SG Americas Securities LLC owned 0.09% of Wabtec worth $32,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WAB. Wellington Management Group LLP lifted its stake in shares of Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after acquiring an additional 116,329 shares in the last quarter. Nordea Investment Management AB increased its holdings in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after purchasing an additional 1,095,083 shares during the last quarter. Boston Partners increased its holdings in Wabtec by 1.9% during the 3rd quarter. Boston Partners now owns 2,304,832 shares of the transportation company’s stock worth $462,057,000 after purchasing an additional 43,376 shares during the last quarter. Farallon Capital Management LLC raised its position in shares of Wabtec by 68.6% in the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after purchasing an additional 896,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Wabtec by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company’s stock valued at $344,405,000 after purchasing an additional 19,952 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total transaction of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John A. Olin sold 11,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the sale, the chief financial officer owned 60,487 shares in the company, valued at $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,512 shares of company stock valued at $8,160,028 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WAB. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Susquehanna set a $300.00 price objective on shares of Wabtec in a research note on Thursday, February 12th. Citigroup raised their price objective on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, KeyCorp boosted their target price on shares of Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus price target of $269.00.

Wabtec Trading Up 1.2%

Shares of NYSE WAB opened at $248.61 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $245.21 and its two-hundred day moving average price is $218.98. Wabtec has a 52-week low of $151.81 and a 52-week high of $266.27. The stock has a market capitalization of $42.39 billion, a P/E ratio of 36.40, a PEG ratio of 1.85 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec announced that its board has initiated a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is currently 18.16%.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.